Savvy modelling shows that the Australian Government is missing out on close to $360 million every year in fuel excise revenue due to the uptake of electric vehicles, and the figure is only rising. With the country’s EV fleet reaching 500,000 and counting, the decreasing market share of internal combustion engine (ICE) vehicles is causing…
Tag Archive for Fuel Excise
ACCC To Monitor Fuel Excise Cut
by themovieboards - Editor •
The ACCC notes that the Federal Budget announcement of a six-month reduction in fuel excise from midnight. Under direction from the Federal Government, the ACCC currently monitors fuel prices, costs and profits and reports on these each quarter. The ACCC can compel refiners, importers, terminal operators, wholesalers, and retailers to provide information relating to fuel…